Archive for August 21st, 2009

Friday, August 21st, 2009

Market Today

Friday: Nifty 4528 Sensex 15240.
Market Tested the support of 4400 on Nifty & bounced up from there.
 Later on it  crossed  yestearday’s resistance of 4480.
It seems today Market has decided to test the level of  4620 & 15560 on Nifty & Sensex respectively above which the
medium term downtrend will end.
 

Auto stocks outperformed the market. Public sector [...]

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Friday, August 21st, 2009

Market Today

Thursday: Directionless Market.Expecting Decisive Move.
Nifty 4453,Sensex 15012.
Market opened with gap.It could not break the resistance of 4480 on Nifty for four hours.
Bank Stocks outperfromed the market.
From last one month Nifty is Stuck in the range of 4400 to 4700.
For Sensex ,the range is 14800 to 16000.Breakout from these levels will bring fresh positions.
Tomorrow onwards we [...]

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